The $750,000 bet.(Cocoon House, a shelter for runaway and throwaway teens promised the money from the Bill and Melinda Gates Foundation if it can raise $2.25 million)

From: Everett Business Journal | Date: April 1, 2003| Author: Folger, Myke | Copyright information

Cocoon House, a shelter for runaway and throwaway teens, was promised $750,000 from one of the richest foundations in the world so that the shelter could fulfill its dream to build satellite housing in the north and east ends of the county.

The question remains though whether the shelter can fulfill its end of the bargain.

The Bill and Melinda Gates Foundation, the primary foundation of Microsoft Corp., promised Cocoon House the money after the shelter submit...

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